The graying of the long-term unemployed
Through the recession, older unemployed Americans have had a tougher time returning to work than their younger counterparts. But as the economic slump drags on and long-term unemployment has reached historic levels, their ranks have increased even faster than other age groups.
Here’s new data from Pew showing the age disparity. Last quarter, a whopping 43 percent of unemployed workers older than 55 were out of work for a year or longer—up from about 37 percent a year ago. It’s just one of the ways in which older Americans are faring the worst in the recession.
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Ezra Klein is the editor of Wonkblog and a columnist at the Washington Post, as well as a contributor to MSNBC and Bloomberg. His work focuses on domestic and economic policymaking, as well as the political system that’s constantly screwing it up. He really likes graphs, and is on Twitter, Google+ and Facebook. E-mail him here.
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